Stay updated with breaking news from Wang Xing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
When a Chinese tech CEO shared a poem over a thousand years old, his company's stock plummeted. Investors are on a knife's edge as the Chinese government cracks down on big tech.
Tencent Holdings Ltd is doubling the amount of money it’s setting aside for social responsibility programs, marking one of the largest philanthropic efforts by China’s Internet giants as regulatory scrutiny intensifies.
Mike Philbrick's Top Picks: July 16, 2021 Brookfield to launch private REIT with assets from Oaktree Record U.S. stock rally stalls with inflation rising Reddit traders are upending the world of credit investing, too Tyler Mordy's Top Picks: July 15, 2021 JPMorgan strategist warns of dot-com era 'bull trap' in Ark fund Ex-lawyers whose fund rose 53% this year see markets as 'frothy' Megacap tech stocks roar back into vogue as haven from slowdown Gordon Reid's Top Picks: July 14, 2021 Christine Poole's Top Picks: July 13, 2021 Jamie Murray's Top Picks: July 12, 2021 CPPIB invests US$800M in In...
Tough regulations, hunt against Jack Ma guides China’s tech moguls down charitable path Moneycontrol 7 hours ago Jocelyn Fernandes © Jocelyn Fernandes Tough regulations, hunt against Jack Ma guides China’s tech moguls down charitable path Increasing regulatory scrutiny from the government has led China’s tech moguls to discover their charitable side – many of them learning from Jack Ma’s fall from grace. The latest example, Bloomberg reported, is Xiaomi Corporation co-founder Lei Jun, who gave two foundations over $2.2 billion worth of shares in the smartphone m...
Chinese government pushing its businessmen to donate ANI 18 Jul 2021, 04:37 GMT+10 Shenzhen [China], July 17 (ANI): China's ultra-wealthy have been on a philanthropic tear this year, but behind the surge in private gift-giving looms the hand of the Chinese government, says an inernational expert. Michael Standaert, writing in Al Jazeera said that China's billionaires are becoming terribly generous of late. In recent months, Wang Xing, the chairman and founder of food delivery giant Meituan, donated around USD 2.7 billion. Colin Huang, founder of e-commerce giant Pinduoduo gifted around USD 1....